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Hypo Group Alpe Adria
Hypo Group: Major Risk Factor for BayernLB
The former owner of Hypo Group Alpe Adria, which was nationalized in 2009, may write down up to € 3.1bn.
August 18, 2012
Dispute Over Hypo Group
Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.
August 16, 2012
Demerger at Hypo Group Resolved
In order to become re-sold, the Austrian subsidiary of Hypo Group shifts risky assets to the holding company.
August 14, 2012
Hypo Alpe-Adria-Bank in the Red Again
Today, the nationalized bank announced its half yearly result for 2012. Net Results reached € 10m.
August 13, 2012
Hypo Alpe Adria Divests TLM-TVP in Croatia
The nationalized Austrian bank successfully has sold the aluminum hot-rolling mill TLM-TVP d.o.o. in Croatia to the Vienna-based Euris.
August 13, 2012
FMA Pushes for Bank Insolvency Law
The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.
August 7, 2012
Austria is Liable for Hypo Group´s Major Loan
At the sale of Hypo Group by BayernLB in late 2009, BayernLB granted a loan of € 2.64bn. The Austrian state has issued a guarantee for this loan.
July 27, 2012
Austrian Bank Aids: Losses Total € 3.4bn
The nationalized banks are a substantial risk factor for Austria´s budget. Losses may increase further.
July 23, 2012
Hypo Group: „As Little Bank Aids as Possible“
Hypo Group Alpe Adria´s CEO Gottwald is unhappy with reports that the state-owned bank may need further bank aids.
July 20, 2012
Fear of Capital Shortfall at Austrian Banks
The Austrian problem banks Hypo Group and KA Finanz may need further capital injections.
July 19, 2012
Takeover of Croatian Aluflex Failed
The Austrian Hypo Group Alpe Adria will not sell the Croatian aluminum group to the Swiss MTC (Montana Tech Components).
July 19, 2012
Fekter Does not Want to Bundle Austrian Problem Banks
As the public debt level would rise dramatically, Austria´s Finance Minister Maria Fekter rejects the idea of a common bad bank.
July 19, 2012
Further Increase in Austrian National Debt
Due to the European debt crisis, Austria´s public debt level will increase from 72.2% to 74.7% of the country´s GDP.
July 16, 2012
Consolidation in CESEE Banking Industry Ahead
The Austrian Central Bank (OeNB) expects a wave of takeovers in the banking industry in Central, Eastern and Southeastern Europe. Many banking groups will withdraw from there, OeNB says.
July 13, 2012
Big Exposure in Foreign Currency Loans
In Austria, domestic banks have outstanding foreign currency loans of € 51bn. In CESEE countries, the exposure comes at € 130bn.
July 10, 2012
Real Estate Crisis in the Balkans Has Deepened
Due to the economic crisis in Southeastern Europe, real estate prices are still falling. Since 2008, prices fell by up to 50%.
June 28, 2012
„ÖIAG Should Manage Banking Interests“
Austria´s Finance Minister Maria Fekter wants to upgrade the Austrian state holding ÖIAG.
June 23, 2012
Liebscher Calls for New Model of Bad Banks
The chairman of Austria´s Fimbag, the state holding of nationalized banks, wants to put aside toxic assets of nationalized banks.
June 18, 2012
Euris Interested in Croatian TLM-TVP
The Austrian aluminum trader Euris shows interest in the Croatian aluminum rolling mill. Austrian Hypo Group is the seller, the Swiss Montana Tech Components is still a potential buyer.
June 18, 2012
„Shotdown of Hypo Group Would Cost € 6.0bn“
The management of the nationalized Austrian Hypo Group Alpe Adria asserts that the shutdown would be more expensive than the continuation of the business.
June 15, 2012
Hypo Group: The Time is Pressing
Until the end of this year, the Austrian nationalized banks needs an equity quota of 12.0%. This will not be achieved without special measures.
June 11, 2012
Austrian Banks Perform Well in Eastern Europe
The Austrian banks did not overreach themselves in Eastern Europe, the economist Bernhard Felderer says. By contrast, UniCredit, RBI and Erste Group are highly profitable.
June 11, 2012
TLM Sale Process Stopped
Austria´s Hypo Group sells the Croatian aluminum company TLM. After the signing with the designated buyer, the Swiss Montana Group, the sale must be re-started.
June 8, 2012
Bad Bank for Hypo Group?
The nationalized Austrian bank Hypo Group Alpe Adria considers to create a bad bank in order to avoid further capital injections.
June 8, 2012
Androsch Criticizes Hypo Group Purchase
In 2009, the Austrian state nationalized the financially stricken Hypo Group. Much time was wasted, the industrialist and Fimbag board member Hannes Androsch thinks.
May 30, 2012
Hypo Group: Further State Aids not Excluded
Johannes Ditz, chairman of the nationalized Hypo Group Alpe Adria, wants to sell about a third of the interests until 2014. In the end, losses are likely.
May 30, 2012
Hypo Group May Need Further State Aid
The directors of the Austrian Financial Market Authority (FMA) did not exclude that the nationalized Hypo Group Alpe Adria has a substantial capital shortfall.
May 23, 2012
Downsizing: Hypo Group Aims to Achieve Proceeds of € 1.5bn
The nationalized Austrian banking group Hypo Group Alpe Adria starts its sales program in SEE countries and wants to achieve proceeds of € 1.5bn
May 21, 2012
Rothensteiner: Return to Drachma would be „Utter Chaos“
The CEO of the Austrian RZB (Raiffeisen Zentralbank) warns of a Greek exit. At the moment, there would be not contagiousness for Spain or Italy.
May 21, 2012
Hypo Group Prepares for Sale
The nationalized Austrian Hypo Group Alpe Adria sells its subsidiaries step by step. Before, the units should be spiced up.
May 4, 2012
Hypo Group Alpe Adria Splits Operations
The nationalised Austrian banking group Hypo Group Alpe Adria plans to shift assets from its Austrian bank unit to the group holding company.
April 26, 2012
OeNB: “Nationalizations Are Clean Up”
Austria’s central bank (OeNB) said that the nationalization of three of the nation’s lenders helped clean up the structure of the domestic banking industry.
April 17, 2012
„Bank Aids Are Lost“
The economist Franz Hahn (WIFO, Austrian Institute of Economic Research) argues that the nationalized banks are not interesting for potential buyers.
April 10, 2012
Steiermärkische Interested in Hypo Group´s Subdidiary
The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.
April 3, 2012
Raiffeisen, 3-Banken Reject Comment on Hypo Interest
Raiffeisenlandesbank Carinthia and BKS aren’t interested in Hypo Alpe-Adria-Bank International AG’s Austrian subsidiary.
March 23, 2012
Hypo Alpe Adria Bank to be Sold this Year
The Austrian subsidiary of the nationalized Hypo Group Alpe Adria will be sold this year. “All potential risk factors are eliminated.” the supervisory board chairman says.
March 22, 2012
Banks have CEE-Subsidiaries „Under Control“
RBI´s CEO Herbert Stepic criticizes the skepticism against banking in Central and Eastern Europe. The economist Aiginger sees more advantages than risks for Austrian banks.
March 21, 2012
Hypo Group´s Austrian Subsidiary in the Profit Zone
Hypo Alpe Adria Bank AG, the Austrian subsidiary of Hypo Alpe-Adria-Bank International AG, today reports positive results from ordinary business activities (EBT) in 2011 of € 10.18m.
March 20, 2012
Hypo Group: Losses of € 165m
Hypo Group Alpe Adria, a nationalized Austrian lender, does not pay a dividend to the state. According to IFRS, Hypo Group could achieve profits of € 69.3m.
March 13, 2012
KA Finanz: Disaster Was Avoidable
The „bad bank“ of the nationalized bank Kommunalkredit considered selling Greek sovereign bonds in spring 2009. Last week, KA Finanz wrote off € 423m.
March 12, 2012
Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn”
The governor of the Austrian Central Bank (OeNB) repulses reports stating that the nationalized bank Hypo Group needs capital injections of € 10bn.
March 10, 2012
Hypo Group: Costs Could Increase up to € 10bn
The nationalized Hypo Group Alpe Adria may need massive capital injections by the Austrian state. The bank must downsize radically.
March 10, 2012
Cernko Criticizes VBAG Bail-Out
Willibald Cernko, CEO of Bank Austria considers that the Austrian state reacted too late. A partly nationalization could have taken place already one year before.
March 9, 2012
Fekter: Up to € 1.0bn for Kommunalkredit
In case of a default of Greek sovereign bonds, the Austrian state would have to grant € 1.0bn to the nationalized bank Kommunalkredit.
March 3, 2012
Banking Industry As „Cash Cow“?
For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.
February 29, 2012
Public Dispute Over Privatizations
The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.
February 29, 2012
„Banks are the Real Austrian Problem“
The Austrian opposition criticizes the rescue of VBAG by the government massively. Further bank aids are feared.
February 28, 2012
German Justice Puts Pressure on Former Hypo Group Executives
In order to get damage compensation, the German justice opens legal proceedings against the former CEO´s of Austrian Hypo Group, Tilo Berlin and Wolfgang Kulterer.
February 18, 2012
Kommunalkredit: More Costly than Hypo Group
The Austrian state had to made expenses of € 4.65bn for the nationalized Kommunalkredit. In total, the bank package´s volume reaches € 11bn.
February 9, 2012
Montana Tech Components Acquires Croatian Aluminum Companies
The Austrian financial investor MTC takes over the two largest aluminum companies in Croatia. Turnover of the acquisition targets amount to € 240m.
February 6, 2012
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